Supplying Key Resources into Expanding Asian Markets COMPANY PRESENTATION

Supplying Key Resources into Expanding Asian Markets COMPANY PRESENTATION

Thermal Coal: Indonesia - Kalimantan In Major Coal Provinces South and East Kalimantan Close to Asian Markets # 1 thermal coal exporting region in the world 2

Strategy Adding Value to Mid-Tier Projects in Asia INDONESIAN PROJECTS RELIABLE EXPANDED SUPPLY TO ASIAN MARKETS Resource rich and well located Restricted access to appropriate risk capital Australian mining and exploration standards Risk capital via regulated markets (ASX & FSE) Titles / Approvals in place Feasibility studies completed Strong foundation built for project Significant projects ready for development partnerships / offtake agreements 3

Flagship Pre Development Project TCM South Kalimantan 75% interest (25% Local Partners) (3,044Ha) Immediately adjacent to PT Arutmin ATA mine 4 main coal seams dip into TCM High calorific value thermal coal 6,500 6,800+ kcal / kg (adb) 114Mt of JORC measured, indicated & inferred resource, with significant potential to increase Haul road in (51kms to Batulicin Barge Loading Terminal) PT Arutmin ATA coal mine adjacent to TCM 4

TCM Project - Resource JORC measured resource = 35Mt JORC indicated resource = 35Mt JORC inferred resource = 44Mt TOTAL JORC RESOURCE = 114Mt* Production IUP Issued Offtake Rights - PZC * Refer Appendix 1 for details 5

TCM Project Concept Style of Mining Target Sellable Coal Mechanized Longwall 1.5Mt pa Mine Life 15 years + Target Coal C.V CAPEX + OPEX pre production 6200 + GAR ~ US$200m 4 major exposed coal seams dipping into TCM area Conceptual project parameters targeted by the company and reviewed by PT Kopex Mining Contractors (KMC). These remain subject to results & further analysis (Completion of Feasibility Study). Haul road infrastructure at TCM 6

TCM - KOPEX Globally one of the largest groups in the coal mining sector Operates in over 50 countries Successful underground trial mining in Kalimantan Co-funding drilling and FS in return for rights to participate in project Headquarters of Kopex located in Katowice - Poland 7

Why it s Time for Underground Coal in Indonesia INDONESIA S COAL CLOCK 3 rd Generation Coal Projects Near Coast High Coal Quality Available Infrastructure Already In Big Tonnages Possible High CAPEX & Mining OPEX 1 st Generation Coal Projects Open Pit Near Coast Big Tonnages Available Low CAPEX/OPEX 2 nd Generation Coal Projects Open Pit Longer Haul/Barge Lesser Coal Quality Needs Big Tonnage May Need Infrastructure 8

What Does Underground Mining Offer Investors? OFFERS High Coal Quality Large Tonnage Good Location Infrastructure In Minimum Impact on Other Stakeholders Forestry Possible Incentives NEEDS Expertise Technology High CAPEX Higher Mining OPEX 9

Key Positive Factors TCM Underground Project THE BIG PICTURE High Quality Coal Big Tonnage Potential Location and Infrastructure High Revenue per tonne Supports High CAPEX Offsets Higher Mining Costs KEY DETAIL - Technical GEOTECH PARTING OTHERS - Rock Integrity - Faulting - None or small (washing /yield) - Gas, water, spontaneous combustion etc 10

Resources & Targets CALENDAR YEAR 2012 Project Status Interest Project Target Attributable Target TCM South (underground) Pre-Development 75% 114 Mt 85 Mt TCM (possible open pit) Pre-Development 75% 3 Mt 2 Mt SUB TOTAL JORC Projects 117 Mt 87 Mt TCM North Exploration 75% 114 Mt 85 Mt SUB TOTAL - Post Exploration 114 Mt 85 Mt TOTAL 231 Mt 172 Mt + 11

Australian Coal Companies - Enterprise Values / tonne Average EV/tonne of JORC Resource (Exploration) = A$0.46 Average EV/tonne of JORC Resource (Development/Production) = A$1.98 Targeted Market Cap for PZC in 2012 JORC Exploration = A$40m JORC Development = A$172m Taken from Independent Broker Report Q4 2011 12

Global Coal Trends Macro View Developing Countries Provide Long Term Demand... Long cycle ahead... Historical 5 Year Growth China Current Intensity (per person) Developed Economy Intensity (per person) Potential Upside Length of Growth Phase Electricity Generation 10% 2.8 MWh 10.0 MWh 260% 15 20 Coal Demand 8% 2.2 tonnes 6.0 tonnes 170% 15-20 1.8 Billion People in Indonesia, India & Brazil also at Early Stage (Indonesia 0.6MWh/per person & 8.5% p.a growth in electricity consumption/per person) 13

Share / Corporate Structure Total Ordinary Shares on Issue 117.6m Total Options on Issue Exercisable at 20c - $1 17.2m Cash & Receivables USD$ 5.5m Production Debt (Noble Group) USD$ 2.0m ASX LISTED PZC : Full Details on website www.panasiacorp.com.au 14

Milestones Flagship Project TCM 1 st Quarter 2012 2 nd Quarter 2012 2 nd Half 2012 Completion of Current Feasibility Study Project Finance & Offtake Legal Detailed Development Planning (Underground) 15

Team Domenic Martino Chairman dmartino@panasiacorp.com.au Chairman & director of many public & private companies, with extensive Indonesian experience Alan Hopkins Pan Asia CEO alan@panasiacorp.com.au 25 yrs experience as CEO in public listed resource companies Many successful start-ups Cicip Hadisucipto Senior Economic Geologist cicip.hadi@gmail.com 25 years in Indonesian mining industry Currently Coal Assets Appraiser for the Stock Exchange Regulatory Board for the Republic of Indonesia Other Directors: Michael Pixley Luke Martino Company Secretary: Jason Campbell Technical & Support Team includes: Bill Hewitt In Country Manager Agus Sucipto Exploration Manager TCM Project Dadzui Ismail Underground Mining Manager TCM Project Andrew Ichwan In Country CFO 16

Summary Emerging supplier of key resources to Asian markets Significant pre-development project High priority exploration Project opportunity pipeline Capable In Country Team Aligned local partners in Indonesia Major re-rating opportunity Providing Energy to Fuel Asia s Growth 17

Disclaimer Forward Looking Statements This presentation includes certain forward looking Statements. All statements other than statements of historical fact are forward looking statements that involve various risks and uncertainties. There can be no assurances that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements. Such information contained herein represents management s best judgement as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward looking statement. Qualified Person The technical information in this presentation is derived from Pan Asia s ASX releases, each of which has been reviewed by our competent person, Marek Rosa, as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Copies of prior releases are available on the ASX website or www.panasiacorp.com.au Competent Persons Statement The information in this release that relates to the Coal Resources of PT. Transcoal Minergy ( TCM ) is based on information compiled and reviewed by Mr. Marek Rosa, who is a Member of the Australasian Institute of Mining and Metallurgy (The AusIMM) and works full time for PT Kopex Mining Contractors based in Jakarta, Indonesia (Member of Kopex Group Poland). Mr Rosa is a qualified geologist who has more than 20 years of relevant mining and geological experience in coal, working for major mining companies in Poland (17 years) and in Indonesia (4 years) as a consultant. He has National Polish geological license No II-1140 for research, exploration, resource and reserve estimation of deposits of basic minerals and coalbed gas methane. During this time he has either managed or contributed significantly to numerous mining studies related to the estimation, assessment, evaluation and economic extraction of coal in Poland and Indonesia. He has sufficient experience which is relevant to the style and type of deposit under consideration especially for Underground Mining and to the activity he is undertaking to qualify him as a Competent Person for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The estimates of Coal Resources have been carried out in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (December,2004) and Mr Rosa consents to the inclusion in this release of the Mineral Resources in the form and content in which it appears. MAREK ROSA M.Sc. (Geology), MAusIMM 18

Appendix 1 Current JORC Resources at TCM TCM JORC RESOURCES MEASURED (tonnes) 35,602,319 INDICATED (tonnes) 35,109,149 INFERRED (tonnes) 43,910,420 TOTAL (tonnes) 114,621,889 Coal Quality Resource Summary The coal quality model will be further updated when all the coal quality results are in for the current drill programme. Washability tests and subsequent analysis of the results have been undertaken on a 500t bulk sample to develop a conceptual Coal Handling and Preparation Plant design. Further testwork and analysis of all quality data will lead to a specification of a saleable product. 19

Appendix 1 (Continued) Parameters used in Latest JORC Numbers 1. A total of 35 boreholes was used for the latest update of the resource estimation; 2. This preliminary resource update was made for the purpose of re-estimating the resource numbers and evaluating the tectonic structure of the rocks; 3. Approximately 6 boreholes remain to be done in the present drilling program; 4. Profiles, logs of boreholes and seam correlations have been completed; 5. Collar coordinates have been completed; 6. Laboratory testing: quality, Geotech, gas methane- not yet completed but underway; 7. Quality model still to be updated once all quality results received; 8. Full version of resource statements to be elaborated after all drilling and laboratory testing completed. Drill Spacing in the Calculation of Resources Based on the better understanding of the complexity of the deposit achieved through the current drill programme, Kopex has now sub-divided resources into categories based on the following drill spacing: 17 OCTOBER 2011 31 JANUARY 2011 MEASURED <500m <250m INDICATED 500-1000m 250-500m INFERRED 1000m-2000m 500m-1000m 20